I cut and then twirl mine with surgical tweezers into little pigtails.
Plenty of spring, no finger bleeds.
Back in the 70’s, when I was young and impressionable and just starting out on banjo, I had one good old boy (banjo player) come up to me (in the parking lot at Orange Blossom Park in Waynesboro VA, not that it matters overly much) and tell me, as I was changing strings, that clipping the ends was going to change how the banjo sounded. And not in a good way. He really seemed to believe it. In deference to the locals, I may have left them coiled that weekend, but cut them when I got home. I didn’t notice any difference…
'2003 Gibson "Earl Scruggs"' 11 hrs